Flash Promo: Earn Up to 10% More Interest on XRP, NEAR & AXS

Apr 12, 2022•4 min read

Multiply your XRP, NEAR and AXS holdings with our Flash Promo! The newly added 3-month and 6-month Fixed Terms allow you to start earning more, right away. It’s a one-click solution to further boost your high-yield strategy. The Flash Promo is valid until May 3, 23:59 UTC.

Earn Extra Yield

  1. You’ll need XRP, NEAR or AXS in your Nexo account that is not already locked in a Fixed Term.
  2. Move your crypto into our limited-time 3 and 6-month Fixed Terms. This will lock your assets for the duration of the term.
  3. Start earning bonus interest on:
  • XRP: Instead of +1%, get +5% bonus interest on a 6-month Fixed Term and a new maximum rate of up to 12% APR.
  • NEAR: Instead of +1%, get +3% bonus interest on a 3-month Fixed Term and a new maximum rate of up to 12% APR.
  • AXS: Instead of +4%, get +10% bonus interest on a 3-month Fixed Term and a new maximum rate of up to 42% APR.

Your total earnings will be paid out at the end of the Fixed Term period and you’ll be able to collect the gains you’ve amassed. While your Fixed Term is active, you will be able to see how your earnings are compounding daily in the Interest Breakdown window in the Wallet tab of the Nexo app.

How to Select the 3 or 6-Month Fixed Terms?

  1. Open the Nexo app or the web platform.
  2. Select XRP, NEAR or AXS.
  3. Tap the “Manage Wallets” button and select “Fixed Terms”.
  4. Tap the “Create Fixed Term” button.
  5. Choose the new Fixed Term, enter the amount you want to lock and tap “Create Term”.

Get on the Flash Promo for XRP, NEAR or AXS and start earning more.

FAQs

Till when can I benefit from the limited-time Fixed Terms? Until May 3. After that, the 3- and 6-month terms will no longer be available to lock new assets.

Upon expiration of your limited-time Fixed Term, your locked assets will be automatically moved to FLEX. If you want to continue earning higher interest, you can move your crypto to a standard 1-month Fixed Term and enable Automatic Renewal. How can I get the maximum APR for each token? The maximum rate is available if you are on our Platinum Loyalty tier, meaning at least 10% of your Nexo portfolio comprises NEXO Tokens. In addition to this, you’ll also need to opt to receive your interest in NEXO Tokens. You can learn more about our Loyalty Program here.

How can I keep track of my earnings when locked in a term? Open the Nexo app, go to the Wallet tab, select your desired asset, and tap on “Manage Wallets”. Then select “Fixed Terms” and on the window that opens next, you will be able to see how much interest has been accumulated on your active Fixed Terms until now. If you changed the option of earning interest between in-kind and in NEXO Tokens, you will see both interests. What’s the minimum amount of assets I need to lock in a Fixed Term? It depends on which asset you want to lock in. Here are the minimum in-kind amounts for the three eligible assets:

  • 5.00 for XRP
  • 1.00 for NEAR
  • 0.20 for AXS

Fixed Term Promo on XRP, AXIE, NEAR

Fixed Term Promo (“Promo”) is available within the period 14:00 UTC on April 12, 2022 - 23:59 UTC on May 3, 2022 (“Promo Period”). Promo applies to all users of Nexo Earn Interest Product of XRP, AXIE and NEAR complying with the present Rules, Nexo Wallet General Terms and Conditions and the Nexo Earn Interest Product General Terms and Conditions (“General Terms”).

Nexo shall pay an interest rate starting from 8% (“Interest”) to all users1 who have their XRP, AXIE and NEAR (“Assets”) locked for a fixed term (“Fixed Term”) of 6 (six) months - for XRP, respectively of 3 (three) months - for AXIE and NEAR, when the starting date of the Fixed Term is within the Promo Period. The exact rates of Interest, depending on the user’s Loyalty Tier are indicated on the Nexo platform.

Interest will be compounded on a daily basis, and paid in a single payout at the end of the Fixed Term, no matter the user’s Loyalty Tier, earning in kind or in NEXO. After October 21st - for XRP, respectively after July 21th - for AXIE and NEAR, all users will start earning at the standard rate depending on their Loyalty Tier.

Nexo has the right to maintain the integrity of the Promo and in any event of fraud or fraud attempt, at its sole discretion, to revoke, deny or withdraw interest, to block user’s access to particular products, and/or exclude a user from any future promotional offers.

By participating in the Promo, every participant declares their full and unconditional consent to the above requirements and the General Terms, and accepts as final and binding all Nexo’s decisions with regard to the Promo. All relations between Nexo and the participants will be governed by the General Terms and the applicable law, as defined by the General Terms.

Disclaimer: Earn Interest Product and Fixed Term Promo are not available for citizens or residents of certain jurisdictions, including where restrictions may apply, such as USA, Bulgaria, Estonia.

The exact rates of interest available with the Promo, depending on the user’s Loyalty tier, are indicated on the Nexo platform.